December 6, 2012 / 4:27 AM / in 5 years

MARKET EYE-Indian shares fall on profit-booking; IT hit

* The BSE index falls 0.26 percent to 19,340 and the
NSE index is down 0.3 percent to 5,882.75, on
profit-booking.  
* India's 50-share index has been trading in the "overbought"
territory, with its 14-day relative strength index around 70.
* Asian shares were steady near 16-month highs on Thursday,
supported by hopes that U.S. lawmakers will reach a compromise
to avoid the so-called fiscal cliff of year-end tax hikes and
spending cuts which threaten to push the U.S. economy back into
recession. 
* Leading the falls Infosys drops 1.8 percent while
Tata Consultancy Services is down 1.6 percent on
Cognizant Technology Solutions Corp SEC filing.
 

 (abhishek.vishnoi@thomsonreuters.com /;
abhishek.vishnoi.reuters.com@reuters.net)

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below